Asia Pacific to Emerge as Lucrative Market in Oil Storage Through 2024
Oil storage is as essential to ensuring a steady supply of the commodity as it is to influencing its trading prices. The growing import of oil products in emerging economies is expected to increase the demand for oil storage worldwide. Moreover, the supply/demand imbalance will increase with the growth in emerging economies, especially in Asia Pacific, and create more trade, subsequently benefitting the global oil storage market. The growing investments by major oil trading companies in tank storage are also...
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